Enterprise IT vendor IBM today said Financial Software and Systems (FSS) has selected its MobileFirst platform to revamp its digital banking solutions.
FSS customers include over 100 global banks and financial institutions, as well as, some processors, pre-paid issuers and retailers, including over 35 public and private sector banks in India.
With banks constantly trying to lower their operational costs and transform their bank branches into sales centers, mobility solutions for banking have become crucial. Demand for mobile services from customers has compelled banks to look for solutions that are compatible across mobile operating systems and handheld devices.
This strategic partnership will result in providing scalable next-gen mobile banking solutions to banks in the APAC region. Together, FSS and IBM will be able to power nearly millions of devices with this next generation payment applications for banks.
IBM’s MobileFirst platform integrates the build, test and management phases of payment solutions seamlessly. It enables standardization of processes on a single platform, improving efficiency in addressing time to market needs with agile app development.
“FSS aims to be the best payments technology and transaction processing provider in the world and is continuously investing in technologies to enhance customer experience and introduce innovative products and solutions to meet the evolving needs of its customers,” said Suresh Rajagopalan, president – Software Products, FSS.
“IBM’s MobileFirst Platform help clients achieve greater efficiencies and take advantage of new growth opportunities in untapped markets while securely scaling the number of users and apps being delivered to the market, especially in the financial services sector,” said Naveen Gupta, Asia Pacific Executive – MobileFirst, IBM.